From renewable power projects to cutting emissions from oil and gas operations, supermajors on both sides of the Atlantic are taking different approaches to going greener.
The IRS and U.S. Treasury Dept. have not yet issued final rules on exactly how to implement these credits, causing proponents of carbon capture, use and storage technology a great deal of frustration.
Greenfield projects like the Northeast gas pipe are too risky at the moment, the company says.
The region still boasts great rock, say DUG Bakken and Rockies speakers.
The current oil and gas investor environment is “the worst we’ve seen in multiple decades,” says KeyBanc analyst Leo Mariani.
Energy companies will be able to handle the expansion and integration of renewables into their existing operations but are less prepared in the non-operational space, says Opportune’s Tony Jones.